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City / Town Overview

Farmington, MI

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Farmington, MI real estate market currently shows 296 active listings, with 100 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 37.9 days last year.

The median listing price has risen 1.7% year-over-year, from $374,686 to $380,976.

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Market Context

Market Context

Population: 92,753  ·  Density: 1,059.8/mi²  ·  Median household income: $99,015

Typical home value: $307,873  ·  Homeownership: 64%

Included Areas

Farmington: 48331, 48332, 48333, 48334, 48335, 48336

Area Map

Market Overview

Active Listings
296
⇧ 6.1% vs 279 last year
Pending
100
34% pending ratio
Median Price
$380,976
⇧ 1.7% vs $374,686 last year
Average Price
$421,349
⇧ 0.7% vs $418,271 last year
Days on Market
41
⇧ 8.2% vs 38 days last year

Price Per Square Foot

Median $/sqft
$196
⇩ 1.4% vs $199/sqft last year
Median Home Size
1,916 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %